SUMMARY
- Ford Motor's Q2 sales records a 9.9% upsurge, driven by a substantial 34% increase in the sales of F-Series trucks.
- Truck sales, a crucial profit segment for Ford, rose by 23% in the first half of the year, boosted by the introduction of new Super Duty trucks and higher production.
- Despite a slight 2.8% decline in EV sales during the quarter, Ford remains committed to its plan of amplifying its electric vehicle production significantly by 2026.
![broken image](http://custom-images.strikinglycdn.com/res/hrscywv4p/image/upload/c_limit,fl_lossy,h_9000,w_1200,f_auto,q_auto/9596329/281001_549408.png)
The second quarter of this year has witnessed a noteworthy surge in Ford Motor's sales, enjoying a 9.9% hike from the preceding year, largely propelled by an impressive performance by its signature F-Series trucks.
Ford, the reputable automaker based in Detroit, officially announced this Thursday a sales record of 531,662 vehicles sold between April and June. This constitutes a major leap from last year's somewhat dreary 483,688 vehicles, a figure dampened by supply chain disruptions.
Interestingly, the F-Series trucks saw their popularity soar by a substantial 34% during the same period when contrasted with the previous year. This includes sales of the fully electric F-150 version, which doubled to a remarkable 4,466 units sold.
Truck sales, a cornerstone of Ford's profit generation, exhibited a 23% uptick in the first half of the year compared to the same timeframe in 2022. The unveiling of Super Duty trucks and ramped-up production of other models were key contributors to this increase, as stated by the company.
Andrew Frick, Ford's Vice President of Sales, Distribution, and Trucks, proudly announced, "Ford has managed to clinch the title of both best-selling brand and truck for six consecutive months this year, thanks to the stellar performance of our F-Series, vans, our new Escape, and F-150 Lightning." Despite a marginal dip in EV sales of 2.8% during the quarter, due to short supply of the Mach-E amid a factory revamp, Frick remained optimistic, attributing the continued growth of EV sales to the Mustang Mach-E's increased inventory flow and the company's commitment to enhance its electric vehicle production significantly by the end of 2026.
WOM Money Picks
Be a part of the winning team | 81% Success Rate.